UK power price cap will cut inflation peak by 5 points, Truss says By Reuters
Economy 1 hour ago (Sep 08, 2022 12:11)
© Reuters. FILE PHOTO: New British Prime Minister Liz Truss delivers a speech outside Number 10 Downing Street, in London, Britain September 6, 2022. REUTERS/Hannah McKay/
LONDON (Reuters) – A new price cap on power bills will cut the peak of inflation by as much as a five percentage points, Britain’s new Prime Minister Liz Truss said on Thursday.
“This intervention is expected to curb inflation by up to five percentage points, bringing a reduction in the cost of servicing government debt,” Truss told parliament.
($1 = 0.8675 pounds)
UK power price cap will cut inflation peak by 5 points, Truss says
By Geoffrey Smith
Investing.com — The European Central Bank raised its three official interest rates by 75 basis points each, its biggest ever single move in interest rates, in…
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and signalled…
FRANKFURT (Reuters) – The European Central Bank raised interest rates by an unprecedented 75 basis points on Thursday to tame runaway inflation, even as a recession is now…
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.